--- title: "Meaning & Key Takeaway of: After the $700 billion bailout, the…" description: "\"After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to ..." image: "https://sms4smile.com/quotes/i/2fc/michele-bachmann-1631_bailouts_after-the-700-billion-bailout-the-trilli_1400529.png" --- # After the $700 billion bailout, the trillion-dollar… ![“After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please stop spending money that we don't have. But instead of cutting, we saw an unprecedented explosion of government spending and debt. It was…” quote by Michele Bachmann](https://sms4smile.com/quotes/i/2fc/michele-bachmann-1631_bailouts_after-the-700-billion-bailout-the-trilli_1400529.png) [Download](https://sms4smile.com/quotes/i/2fc/michele-bachmann-1631_bailouts_after-the-700-billion-bailout-the-trilli_1400529.png) [Open image](https://sms4smile.com/quotes/i/2fc/michele-bachmann-1631_bailouts_after-the-700-billion-bailout-the-trilli_1400529.png) > “After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please stop spending money that we don't have. But instead of cutting, we saw an unprecedented explosion of government spending and debt. It was unlike anything we've ever seen before in the history of the country.” [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Excessive fiscal stimulus and spending led to unprecedented debt growth, contrary to calls for austerity. **In simple terms:** Huge spending despite promises to cut. Key Takeaway Beware unchecked government expansion. Themes fiscal policy government spending debt political rhetoric Mood concerned critical Type political economic When to use this quote - policy debates - budget planning - tax reform - public accountability Key Concepts macroeconomics budget deficits public finance Questions to Reflect On - How can policymakers balance stimulus with debt control? - What mechanisms can limit unchecked spending? A Different Perspective Spending may be politically popular but fiscally unsustainable. ★ ★ ★ ★ ★ No ratings yet [Bailouts](https://sms4smile.com/quotes/about/bailouts/) [Budgets](https://sms4smile.com/quotes/about/budgets/) [Country](https://sms4smile.com/quotes/about/country/) [Dollars](https://sms4smile.com/quotes/about/dollars/) [Earmarks](https://sms4smile.com/quotes/about/earmarks/) [Explosions](https://sms4smile.com/quotes/about/explosions/) [Government](https://sms4smile.com/quotes/about/government/) [Government spending](https://sms4smile.com/quotes/about/government-spending/) [Money](https://sms4smile.com/quotes/about/money/) [Politics](https://sms4smile.com/quotes/about/politics/) [Spending money](https://sms4smile.com/quotes/about/spending-money/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please…](https://sms4smile.com/quotes/michele-bachmann/after-the-700-billion-bailout-the-trillion-dollar-stimulus-and-the-2/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [There's nothing like being on a massive-budget film where you don't know anything, and there's a million people, and no one's communicating.](https://sms4smile.com/quotes/hugo-weaving/there-s-nothing-like-being-on-a-massive-budget-film-where-you-don-t/) [Hugo Weaving](https://sms4smile.com/quotes/author/hugo-weaving/) > [ObamaCare is a massive budget buster, that it is creating massive deficits in the future. And I really believe it's going to destroy the…](https://sms4smile.com/quotes/paul-ryan/obamacare-is-a-massive-budget-buster-that-it-is-creating-massive/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [I'll never do a film because it's a massive budget and I'm gonna get lots of publicity for it and it will bring something…](https://sms4smile.com/quotes/maisie-williams/i-ll-never-do-a-film-because-it-s-a-massive-budget-and-i-m-gonna-get/) [Maisie Williams](https://sms4smile.com/quotes/author/maisie-williams/) > [“Americans today don't have a problem with debt. They have a problem with out-of-control spending. Debt is simply the result.”](https://sms4smile.com/quotes/gregory-karp/americans-today-don-t-have-a-problem-with-debt-they-have-a-problem/) Gregory Karp > [I think everyday people on the street who have never been affiliated with the tea party movement are alarmed with the spending and the…](https://sms4smile.com/quotes/kristi-noem/i-think-everyday-people-on-the-street-who-have-never-been-affiliated/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [Enough is enough. Enough of the waste. Enough of the spending. Enough of the debt. Enough of the arrogance in Washington, D.C.](https://sms4smile.com/quotes/dan-benishek/enough-is-enough-enough-of-the-waste-enough-of-the-spending-enough-of/) Dan Benishek > [If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the…](https://sms4smile.com/quotes/peter-welch/if-you-ask-the-question-of-americans-should-we-pay-our-bills-one/) [Peter Welch](https://sms4smile.com/quotes/author/peter-welch/) > [Well, as a former small businessperson - I understand what's going on, I think in the business community. And businesspeople around the country are…](https://sms4smile.com/quotes/john-boehner/well-as-a-former-small-businessperson-i-understand-what-s-going-on-i/) [John Boehner](https://sms4smile.com/quotes/author/john-boehner/) > [I'll fight with every breath in my body to stop the out of control spending and debt that are bankrupting our kids and grandkids.](https://sms4smile.com/quotes/ted-cruz/i-ll-fight-with-every-breath-in-my-body-to-stop-the-out-of-control/) [Ted Cruz](https://sms4smile.com/quotes/author/ted-cruz/) > [We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.](https://sms4smile.com/quotes/herbert-hoover/we-are-now-speeding-down-the-road-of-wasteful-spending-and-debt-and/) [Herbert Hoover](https://sms4smile.com/quotes/author/herbert-hoover/) > [“Earmarks do not add spending the budget anymore than choosing to purchase a box of pasta instead of a pound of bananas (i.e., earmarking…](https://sms4smile.com/quotes/sean-kelly/earmarks-do-not-add-spending-the-budget-anymore-than-choosing-to/) Sean Kelly > [Earmarks are counterproductive tools for entrenched politicians to shut down debate and buy votes.](https://sms4smile.com/quotes/lauren-boebert/earmarks-are-counterproductive-tools-for-entrenched-politicians-to/) [Lauren Boebert](https://sms4smile.com/quotes/author/lauren-boebert/) > [You know, there's nothing in 'E.T.' that earmarks it as really '80s.](https://sms4smile.com/quotes/matt-duffer/you-know-there-s-nothing-in-e-t-that-earmarks-it-as-really-80s/) [Matt Duffer](https://sms4smile.com/quotes/author/matt-duffer/) > [Considering community support and cost-benefit analysis, I have supported earmarks for projects of high public purpose involving such areas as higher education, alternative energy,…](https://sms4smile.com/quotes/jeff-fortenberry/considering-community-support-and-cost-benefit-analysis-i-have/) [Jeff Fortenberry](https://sms4smile.com/quotes/author/jeff-fortenberry/) ## More by Michele Bachmann > [Many children in the foster care system are often in the midst of a family challenge.](https://sms4smile.com/quotes/michele-bachmann/many-children-in-the-foster-care-system-are-often-in-the-midst-of-a/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [ I have a very strong, very proven record that I am not a compromiser. \[...\] I have a spine made out of titanium. ](https://sms4smile.com/quotes/michele-bachmann/i-have-a-very-strong-very-proven-record-that-i-am-not-a-compromiser-i/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [I think it's best if there's an amendment that goes on the ballot where the people can weigh in. Every time this issue has…](https://sms4smile.com/quotes/michele-bachmann/i-think-it-s-best-if-there-s-an-amendment-that-goes-on-the-ballot/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [I love women. I love their hearts. There are a lot of women who are suffering. A lot of women who have been disappointed,…](https://sms4smile.com/quotes/michele-bachmann/i-love-women-i-love-their-hearts-there-are-a-lot-of-women-who-are/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [ This \[health care reform\] cannot pass. What we have to do today is make a covenant, to slit our wrists, be blood brothers on… ](https://sms4smile.com/quotes/michele-bachmann/this-health-care-reform-cannot-pass-what-we-have-to-do-today-is-make/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [When I was in Minnesota serving in the state Senate and in Washington, D.C., I did everything I could to defeat cap and trade.…](https://sms4smile.com/quotes/michele-bachmann/when-i-was-in-minnesota-serving-in-the-state-senate-and-in-washington/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [I don't know how much God has to do to get the attention of the politicians. We've had an earthquake; we've had a hurricane.…](https://sms4smile.com/quotes/michele-bachmann/i-don-t-know-how-much-god-has-to-do-to-get-the-attention-of-the/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [The law limits anyone from serving as president of the United States for more than eight years. And in my opinion - well, eight…](https://sms4smile.com/quotes/michele-bachmann/the-law-limits-anyone-from-serving-as-president-of-the-united-states/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [I made a decision when I ran for president that I wouldn't whine about my coverage in the media, and I never did.](https://sms4smile.com/quotes/michele-bachmann/i-made-a-decision-when-i-ran-for-president-that-i-wouldn-t-whine/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [I have a very high opinion of Steve King and his ability, so I would encourage him to consider any position for higher office.](https://sms4smile.com/quotes/michele-bachmann/i-have-a-very-high-opinion-of-steve-king-and-his-ability-so-i-would/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [Mitt Romney understands the private sector, he understands how profit is created, and he isn't embarrassed by it.](https://sms4smile.com/quotes/michele-bachmann/mitt-romney-understands-the-private-sector-he-understands-how-profit/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [I believe that America is the indispensable nation of the world. Just the creation of this nation itself was a miracle.](https://sms4smile.com/quotes/michele-bachmann/i-believe-that-america-is-the-indispensable-nation-of-the-world-just/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [Morals are built on religious faith. Virtue is built on morality and influences a culture.](https://sms4smile.com/quotes/michele-bachmann/morals-are-built-on-religious-faith-virtue-is-built-on-morality-and/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [Let me tell you what the Tea Party stands for. It stands for the fact that we are taxed enough already.](https://sms4smile.com/quotes/michele-bachmann/let-me-tell-you-what-the-tea-party-stands-for-it-stands-for-the-fact/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) > [This is President Obama’s number one political agenda item because he knows we will never again have a Republican president, ever, if amnesty goes…](https://sms4smile.com/quotes/michele-bachmann/this-is-president-obama-s-number-one-political-agenda-item-because-he/) [Michele Bachmann](https://sms4smile.com/quotes/author/michele-bachmann/) [Explore all 221 Michele Bachmann quotes ](https://sms4smile.com/quotes/author/michele-bachmann/) ## More Bailouts quotes > [Mother Nature does not do bailouts.](https://sms4smile.com/quotes/al-gore/mother-nature-does-not-do-bailouts/) [Al Gore](https://sms4smile.com/quotes/author/al-gore/) > [Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive…](https://sms4smile.com/quotes/llewellyn-rockwell/repeal-the-entire-banking-act-of-1933-and-austrian-school-economists/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially…](https://sms4smile.com/quotes/nouriel-roubini/the-treasury-plan-is-a-disgrace-a-bailout-of-reckless-bankers-lenders/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [I dont know of one group of people thats more disliked than politicians -- it may be the folks who gave us the Wall…](https://sms4smile.com/quotes/rick-santorum/i-dont-know-of-one-group-of-people-thats-more-disliked-than/) [Rick Santorum](https://sms4smile.com/quotes/author/rick-santorum/) > [Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after…](https://sms4smile.com/quotes/thomas-sowell/financial-institutions-are-not-being-bailed-out-as-a-favor-to-them-or/) [Thomas Sowell](https://sms4smile.com/quotes/author/thomas-sowell/) > [I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really…](https://sms4smile.com/quotes/fred-upton/i-do-know-that-all-of-the-michigan-delegation-worked-very-hard-as/) [Fred Upton](https://sms4smile.com/quotes/author/fred-upton/) > [If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye.…](https://sms4smile.com/quotes/mitt-romney/if-general-motors-ford-and-chrysler-get-the-bailout-that-their-chief/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [The government - the ultimate short-term-oriented player - cannot withstand much pain in the economy or the financial markets. Bailouts and rescues are likely…](https://sms4smile.com/quotes/seth-klarman/the-government-the-ultimate-short-term-oriented-player-cannot/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [At some point the Japanese, Chinese and Saudi buyers of US and European Government bonds will see just what miserable value they offer. Then…](https://sms4smile.com/quotes/luke-johnson/at-some-point-the-japanese-chinese-and-saudi-buyers-of-us-and/) [Luke Johnson](https://sms4smile.com/quotes/author/luke-johnson/) > [I didn't know you were Catholic.](https://sms4smile.com/quotes/nancy-pelosi/i-didn-t-know-you-were-catholic/) [Nancy Pelosi](https://sms4smile.com/quotes/author/nancy-pelosi/) > [Anyone believing the TPP is good for Americans take note: The foreign subsidiaries of U.S.-based corporations could just as easily challenge any U.S. government…](https://sms4smile.com/quotes/robert-reich/anyone-believing-the-tpp-is-good-for-americans-take-note-the-foreign/) [Robert Reich](https://sms4smile.com/quotes/author/robert-reich/) > [We should not be borrowing money from the Chinese to bail out the Greeks. What's coming next? Intergalactic bailouts?](https://sms4smile.com/quotes/jeb-hensarling/we-should-not-be-borrowing-money-from-the-chinese-to-bail-out-the/) [Jeb Hensarling](https://sms4smile.com/quotes/author/jeb-hensarling/) > [Do you realize that the 850 billion dollar bank bailout, that sum of money is greater than the entire 50 year running budget of…](https://sms4smile.com/quotes/neil-degrasse-tyson/do-you-realize-that-the-850-billion-dollar-bank-bailout-that-sum-of/) [Neil deGrasse Tyson](https://sms4smile.com/quotes/author/neil-degrasse-tyson/) > [Our bailout of Detroit will be remembered as the equivalent of pouring billions of taxpayers' money into the mail-order catalogue business on the eve…](https://sms4smile.com/quotes/thomas-friedman/our-bailout-of-detroit-will-be-remembered-as-the-equivalent-of/) [Thomas Friedman](https://sms4smile.com/quotes/author/thomas-friedman/) > [We are living in a time when the very integrity of the Constitution is being threatened daily, from federal bailouts to federal assumption of…](https://sms4smile.com/quotes/david-limbaugh/we-are-living-in-a-time-when-the-very-integrity-of-the-constitution/) [David Limbaugh](https://sms4smile.com/quotes/author/david-limbaugh/) [Browse all 42 Bailouts quotes ](https://sms4smile.com/quotes/about/bailouts/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please stop spending money that we don't have. 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